The Biggest and Most Important Differences Among the Competitive Strategies

question 77

Multiple Choice

The biggest and most important differences among the competitive strategies of different companies boil down to

• A)how they go about building a brand name image that buyers trust and whether they are a risk-taker or risk-avoider.
• B)the different ways the companies try to cope with the five competitive forces.
• C)whether a company's market target is broad or narrow and whether the company is pursuing a competitive advantage linked to low cost or differentiation.
• D)the kinds of actions companies take to improve their competitive assets and reduce their competitive liabilities.
• E)the relative emphasis they place on offensive versus defensive strategies.

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Definitions:

Use Of Force Theory

The study and principles guiding when and how much force can be used in situations such as law enforcement or military engagements.

Angry Aggression

A form of aggression that is driven by anger and is aimed at causing harm or injury.

Slippery Slope

An argument or reasoning that suggests taking a minor action will lead to major and increasingly negative consequences, often without direct evidence.

Gratuities

Voluntary payments given for services received, often seen as a token of appreciation.